I know it does not make sense to leave a job at FANG for a random startup for the salary bump but how does stats look like if you join YC startup as the employee #X (X< 5) vs FANG? Somehow there are so many VCs companies, right?
You need to read the contract closely to not get fucked. Which is what happens to most early employees nowdays. Maybe even consult with a laweyr first.
It all depends upon your luck. If you are employee #5 in a company which will be successful in future then it is much better, otherwise you will lose money. You have to judge the founders and their idea without any biases that you may have because of knowing them.
What do you mean by lose money? Like losing potential income you'd get from FAANG (e.g. opportunity cost), or actually losing money you have?
Losing potential income.
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What does the startup do?
How much increase? Was it real money?